Fed's Stimulus Program Is Creating Jobs In Auto And Housing Markets; Bernanke Will Be Able To Give Positive Testimony To Congress This Week

The Fed’s accommodative policies seem to be spurring job creation in the auto and housing industries.

In his testimony before Congress this week, Fed chief Ben Bernanke will have that pleasant message to deliver. Those sectors are the two most responsive to the quantitative easings currently in force through the monthly purchases of Treasury and mortgage-backed securities by the Fed.